Annual Report 2013

Statement of Comprehensive Income


Note

 

2013
AFN ‘000

 

2012
(restated)
AFN ‘000

Interest income

21

 

1,144,695

 

1,057,205

Interest expense

22

 

(2,230)

 

(2,730)

Net interest income

 

 

1,142,465

 

1,054,475

Fee and commission income

23

 

570,314

 

418,790

Fee and commission expense

24

 

(14,238)

 

(14,379)

Net fee and commission income

 

 

556,076

 

404,411

Income from dealing in foreign currencies

25

 

205,690

 

159,883

 

 

 

1,904,231

 

1,618,769

Other income

26

 

61,162

 

17,695

Provision against loan losses

10.3

 

(305,305)

 

(37,814)

Provision on Investments

8.4

 

(13,185)

 

(6,839)

Provision on participation purchased 9.2   (2,663)   -
Provision on placements 7.4   (3,160)   16,639

Provision against receivable from DoJ

14.2

 

(250,605)

 

-

General and administrative expenses

27

 

(1,079,713)

 

(1,004,051)

PROFIT BEFORE INCOME TAX

 

 

310,762

 

604,399

Income Tax (Charge)

28

 

(70,972)

 

(104,392)

PROFIT FOR THE YEAR

 

 

239,790

 

500,007

OTHER COMPREHENSIVE INCOME

 

 

 

 

 

Items that may classify to profit and loss subsequently          

Net change in fair value on available-for-sale financial investments – net of tax

 

 

(25,015)

 

(36,940)

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

 

 

214,775

 

463,067

Earnings per share – Basic and diluted

31

 

7.99

 

16.67